Kroger buys branch of customer research firm
The relationship between the nation's largest supermarket chain and a market researcher is about to become tighter.
Cincinnati based Kroger and dunnhumby Ltd. are replacing their current joint venture with a new agreement. The grocery store company will also buy certain assets of dunnhumbyUSA, and operate under the name 84.51° with 500 current dunnhumbyUSA employees in Cincinnati. Those employees will become associates of 84.51°, a wholly-owned subsidiary of The Kroger Co.
84.51° will have access to dunnhumby Ltd’s analytical tools but dunnhumby Ltd. will not have access to Kroger’s data.
The headquarters is currently under construction at Fifth and Race.
Financial terms were not disclosed. According to a press release from the two companies, no layoffs are expected.
The agreement takes effect Monday, April 27.